RE: High volatility of the crypto market does not allow oil trading for Bitcoin

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High volatility of the crypto market does not allow oil trading for Bitcoin

in hive-175254 •  3 years ago 

Hello @lupafilotaxia, reading your publication was really an interesting thing.

But let's look a bit into this

However, recently the Ministry of Finance of the Russian Federation bluntly ruled out the possibility of oil being traded with cryptocurrencies such as Bitcoin, mainly due to the high volatility of the crypto market and the daily trading volumes of this commodity.

Although the price of tokens are not to be relied on, I still think that this would rather be a great avenue for the Russian to build a sustainable income for the nation again considering the economic sanction on them by the Western States.

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Hi @eldecor

It may indeed be a great opportunity for Russians, pitifully the crypto market lacks massive adposition to largely support trading volumes.

Best regards, be well.